Project Risk Management (Chapter 11)

Which action involves changing the size of the opportunity by identifying and maximizing key drivers of the positive risk?

risk enhancement

Which document contains results of various risk management processes; it is often displayed in a table or spreadsheet format?

risk register

Which action involves shifting the consequence of a risk and responsibility for its management to a third party?

risk transference

The psychology literature shows that individuals, working alone, produce fewer ideas than the same individuals produce through brainstorming in small, face-to-face groups.

False

The Monte Carlo analysis can predict the probability of finishing by a certain date or the probability that the cost will be equal to or less than a certain value.

True

The risk register can be created with a simple Microsoft Word or Excel file.

True

Top Ten Risk Item Tracking is a quantitative risk analysis tool.

True

_____ are unplanned responses to risk events used when project teams do not have contingency plans in place.

Workarounds

Which is a fact-finding technique that can be used for collecting information in face-to-face, phone, e-mail, or instant-messaging discussions?

interviewing

What process involves deciding how to approach and plan the risk management activities for the project?

planning risk management